May. 30, 2012 (China Knowledge) - China's Ministry of Finance (MOF)
is expected to float RMB 30 billion of RMB-denominated treasury bonds in Hong Kong
as early as next month, Hong Kong media reported.
The report said that underwriters of the to-be-issued T-bonds include Hong Kong units or branches of China's Big-Four state-owned banks as well as Standard Chartered Bank, HSBC Holding<0005
> and BOC Hong Kong (Holdings) Ltd<2388
Since 2009, the MOF
has issued RMB 34 billion of T-bonds in Hong Kong, comprising RMB 20 billion in 2011, RMB 8 billion in 2010 and RMB 6 billion in 2009.
Of the RMB 20 billion bonds issued last year, RMB 15 billion targeted institutional investors, and the remaining RMB 5 billion were issued to individual investors with a maturity of two years and a coupon rate of 1.60%.